BOLD (BOLD): What It Is, Uses and Risks

BOLD is a stablecoin that is designed to stay close to one US dollar. It is issued by the Liquity Protocol, which is a lending system built on Ethereum and related networks. Unlike many stablecoins that depend on a company holding reserves in a bank, BOLD is minted when users borrow against crypto collateral. Public descriptions say BOLD is fully redeemable, meaning holders can exchange it back for the underlying collateral through the protocol. The name is shared with other tokens and projects, so readers should confirm they are looking at the Liquity BOLD contract on the networks listed below.

According to the project description, BOLD is used to pay out loans in the Liquity ecosystem. Borrowers deposit approved collateral and take out BOLD against it. Each borrower can set the interest rate on their own loan, which is a difference from many lending markets where rates follow a pool-wide formula. The listed collateral types are ETHm, wstETH and rETH, which are liquid staking tokens for ether. Loans must keep a minimum collateral ratio of 110%. If a position falls below that level, it can be liquidated, and a Stability Pool holding BOLD is used to absorb the debt. Other borrowers can also act as guarantors of last resort.

At the time of writing, data from our source showed a circulating supply of about 36.7 million BOLD, with total supply reported as the same figure. The maximum supply field in that data was empty, and one search snippet cited a maximum of 1,000 million BOLD, so the figures conflict. Because supply is set by how many loans are open, it can change as users borrow and repay. As of 2026-11-05, the data listed a price of about $0.997, a market capitalization of about $36.6 million and a market cap rank of 569. Over 24 hours, trading volume was about $575,000. The recorded all-time high was about $1.013 on 2025-06-28, and the all-time low was about $0.983 on 2025-10-01. These figures change constantly and are not a guide to future value.

BOLD is issued on Ethereum, Optimism and Base. It is not the native token of any blockchain, so its value depends on the networks where it is held and traded. Holders should be aware of several risks. A stablecoin can lose its peg during market stress, especially if collateral prices fall sharply or liquidations are slow. Smart contract bugs in the protocol or in the collateral tokens could cause losses. Bridges and cross-chain transfers add further risk. Holders should only use wallets they control and should confirm contract addresses from official project channels before sending funds. Interacting with lending protocols can also involve fees and gas costs. None of this is financial advice, and anyone considering using BOLD should weigh these risks carefully.